February 03, 2017

Mansingh Hotels ( Indo Continental Hotels )

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April 10, 2017

Mansingh Hotels 2016-17 Loss Rs.21 cr 69 Lakh

Mansingh Hotels and Resorts Ltd ( earlier Indo Continental Hotels ) is Unlisted.Mansingh Hotels has piled up debt particularly on the project of its Super Deluxe 5 Star Hotel in Jodhpur where Rs 100 cr debt has been taken. . Mansingh Hotels intends to Sell / Mortagage/ invite joint ventures for its Hotels etc to pare debt.The Company is holding a Postal ballot for this step. The Company is Asset Laden.

=========old post Mansingh Hotels And Resorts LimitedOriginally promoted , in 1970 , as “S.B. properties and Enterprises Ltd.” name changed “Indo Continental Hotels and Resorts Ltd.” in 1987 The Company later changed its name , around 2012 ,to the present ,“Mansingh Hotels and Resorts Ltd.”.The present promoters , of Mukand Lal group ( original Promoters of Mukand Iron ) took over Mansingh Hotels and Resorts in early 1980 s.The Company started its Hotels operation from 1978 onwards.--------------------MILESTONES

In 1986, Mansingh Hotels and Resorts Limited (Formerly known as Indo Continental Hotels & Resorts Limited) acquired a Hotel project at Ajmer from the Rajsathan Financial Corporation and Rajasthan State Industrial Development & Investment Corporation (RIICO). The project was implemented with loans from RIICO. All the loans have been repaid in full and the Hotel is now a landmark of the city of Ajmer.

In 1987, the Group acquired its third Hotel situated in the City of “Taj”, Agra through the amalgamated of M/s Hotel Pink City Pvt Ltd., into it. After takeover, the Group renovated the Hotel to give it a complete new look. The hotel also witnessed an addition of 60 rooms to make it a 97 Rooms hotel.

The last addition to the hotels of the Company is a 60 rooms 3 star Deluxe Hotel built on a site adjoining the company’s first Hotel at Jaipur. This hotel is catering to the up market segment and is one of the most elegant properties in Jaipur.

Mansingh Hotels & Resorts Limited has recently made its foray into real estate and has set up a multiplex cum shopping mall at Mohannagar, Ghaziabad, U.P.

HOTEL MANSINGH, JAIPUR

A 95 rooms, 5 Star Hotel, situated in the heart of ‘The Pink City, Jaipur’. The hotel is a unique blend of all luxurious facilities, with a specialty Restaurant.Coffee shop, Bar, Bar-Be-Q, Banquet, Conference, Swimming Pool, Health Club and Shopping arcade.

HOTEL MANSINGH TOWERS, JAIPUR

A 53 rooms, Deluxe rooms hotel, adjacent to the Mansingh Hotel, Jaipur. This hotel is fully equipped with ultra modern facilities to cater to the up market tourists and business travelers. The hotel has a multicuisine, restaurant, Bar, Banquet, Conference, Library and Business centre.

HOTEL MANSINGH PALACE, AGRA

A 97 rooms, 5 Star Hotel at a well located area in the City of Taj, Agra. A complete luxuries hotel with the facility of multicuisine restaurant, Bar, Banquet, Conference, Swimming Pool, Health Club and Shopping arcade.

HOTEL MANSINGH PALACE, AJMER

A 54 rooms, 3 star deluxe hotel at a well appointed area in the City of Pushkar and Dargah, Ajmer. The hotel has facilities of multicuisine restaurant, Bar, Banquet, Conference, and shopping arcade.

MMX

Set up on a plot of measuring 14,000 Sq.Mtrs, this 250,000 Sq.ft (Approx) development houses a six screen multiplex, a Family Entertainment Centre, a Food Court and shopping area.

JODHPUR HOTEL

The Group’s newly constructed a five star deluxe Hotel at Jodhpur has been launched. The property spread over 10 acres of land consist of 96 Rooms, 2 Villas and state-of-the art facilities for the upmarket segment

It appears for the year 2015-16 dividend was Nil ( Please Recheck this )-----------------No. of Shareholders : As per the Annual Report 2013-14 total No. of Shareholders : 633 ( Please Recheck )-----------------

Around 2015 a liberal bonus of 6 : 1 ( six shares for every one held ) was issued after which the share capital rose to Rs. 10 crore 50 lakh .

The Equity shares of the Company had been listed on Jaipur and Delhi Stock Exchanges. Both these Stock Exchanges have been de-recognized by the Securities Exchange Board of India(SEBI) on 23.3.2015 and 19.11.2014 and therefore the company has ceased to be a Listed Company. As required by SEBI , Delhi Stock Exchange had taken necessary action and the Company’ Shares ,w.e.f. 13.07.2015 have been placed on the Dissemination Board of Bombay Stock Exchange.

Dematerialization Of Shares

The share of the Company are available for trading in depository systems of both NSDL and CDSL. ISN Code : INE 300CO1012 (NSDL & CDSL).

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Mansingh Hotels have very valuable Hotels / properties which should command a very high enterprise value .--------------------

It appears some shares of Mansingh Hotels are available with Dealers of Unlisted / Delisted Shares (Please Recheck this ).

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Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study-------------------

General Warning : Investment in Shares Can be Injurious to Your WEALTHDisclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over OptimismNB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer

1 comment:

" That the Compay has already submitted the plan of action to the Bombay Stock Exchange for providing exit opportunity to the shareholders of the Company and the same will be dealt in accordance with the applicable procedures prescribed by the SEBI "